2,322 Shares in Celestica Inc. (NYSE:CLS) Bought by HUB Investment Partners LLC

HUB Investment Partners LLC acquired a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,322 shares of the technology company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently bought and sold shares of the business. Whale Rock Capital Management LLC grew its stake in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after purchasing an additional 975,163 shares during the period. Point72 Asset Management L.P. grew its stake in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock valued at $55,451,000 after purchasing an additional 301,563 shares during the period. Westfield Capital Management Co. LP grew its stake in Celestica by 25.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock valued at $27,413,000 after purchasing an additional 109,972 shares during the period. Raymond James Financial Inc. bought a new position in Celestica in the 4th quarter valued at $47,685,000. Finally, Alberta Investment Management Corp grew its stake in Celestica by 161.5% in the 4th quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company’s stock valued at $25,808,000 after purchasing an additional 172,814 shares during the period. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Todd C. Cooper sold 65,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares in the company, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CLS. Stifel Nicolaus upped their price objective on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group upped their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Barclays upped their price target on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Performance

Shares of CLS opened at $96.09 on Friday. The stock’s 50-day simple moving average is $109.74 and its 200 day simple moving average is $86.44. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 25.69 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.